National Bank of Canada FI grew its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 155.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,427 shares of the company's stock after buying an additional 15,486 shares during the period. National Bank of Canada FI owned 0.11% of Madison Square Garden Sports worth $5,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in MSGS. Franklin Resources Inc. lifted its stake in Madison Square Garden Sports by 8.4% during the fourth quarter. Franklin Resources Inc. now owns 108,205 shares of the company's stock worth $24,420,000 after purchasing an additional 8,358 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Madison Square Garden Sports by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 86,266 shares of the company's stock worth $19,469,000 after buying an additional 241 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Madison Square Garden Sports by 76.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,258 shares of the company's stock worth $2,315,000 after buying an additional 4,455 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Madison Square Garden Sports in the 4th quarter valued at $214,000. Finally, Norges Bank purchased a new position in shares of Madison Square Garden Sports in the 4th quarter valued at $54,052,000. 68.94% of the stock is owned by institutional investors and hedge funds.
Madison Square Garden Sports Stock Up 1.1 %
NYSE:MSGS traded up $2.04 during mid-day trading on Friday, reaching $190.00. 175,584 shares of the stock were exchanged, compared to its average volume of 112,518. The stock has a market capitalization of $4.56 billion, a P/E ratio of 80.17 and a beta of 0.81. Madison Square Garden Sports Corp. has a 1 year low of $173.26 and a 1 year high of $237.99. The company has a 50 day simple moving average of $197.32 and a 200-day simple moving average of $213.04.
Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The business had revenue of $357.80 million for the quarter, compared to analysts' expectations of $352.68 million. During the same quarter last year, the business posted $0.59 earnings per share. The business's revenue was up 9.5% on a year-over-year basis. As a group, research analysts predict that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.
Insiders Place Their Bets
In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the completion of the sale, the insider now directly owns 5,097 shares of the company's stock, valued at approximately $968,022.24. This trade represents a 86.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
Separately, Macquarie upped their price objective on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th.
Get Our Latest Stock Analysis on Madison Square Garden Sports
Madison Square Garden Sports Profile
(
Free Report)
Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.
Further Reading
Before you consider Madison Square Garden Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Madison Square Garden Sports wasn't on the list.
While Madison Square Garden Sports currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
